Crypto Market Slumps $85 Billion as Investors Hesitate
The cryptocurrency market has been struggling to recover since a major liquidation event on October 10th, 2025, which saw over $19 billion wiped out in a single day.
Since then, the market has experienced numerous highs and lows, leaving investors wondering whether the bulls or bears have the upper hand.
The market is currently at another turning point, with Bitcoin clearing the $65,000-resistance level and several altcoins printing local highs. However, investors have pulled back $85 billion since July 21st, sparking concerns about deeper losses.
The decline in total capitalization may be attributed to bearish positioning or profit-taking, as investors locked in their profits after setting a fresh high. The Fear and Greed Index currently reads 35, indicating that investors are fearful of another liquidation event.